EU Innovation Fund grants Holcim EUR 328 million for carbon capture projects in Germany and Poland

EU Innovation Fund grants Holcim EUR 328 million for carbon capture projects in Germany and Poland

(PRESS RELEASE) ZUG, 20-Jan-2023 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, concrete and related services, announces that the European Union (EU) Innovation Fund, one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies that will contribute to greenhouse gas reduction, will provide EUR 328 million in the form of a grant for two decarbonization projects of the company. The grants will be used to accelerate the development of Holcim’s carbon capture utilization and storage (CCUS) projects in Germany and Poland. These projects are part of Holcim’s net-zero roadmap, which includes over 50 CCUS projects worldwide, and contribute to the EU’s Green Deal, aimed at putting clean technologies to work for a climate-neutral economy by 2050.

According to Miljan Gutovic, Region Head Europe for Holcim, “As a global leader in building solutions, Holcim is on a mission to decarbonize the building industry. We are encouraged by these EU Clean Tech investments in our next generation technologies. They contribute to making our CCUS projects more viable and scalable, which can fundamentally change our industry for a net-zero future.”

The EU Innovation Fund, which granted the funding, is one of the world’s largest funding programs for innovative low-carbon technologies. In 2022, the Fund provided over EUR 1.8 billion to 17 large-scale clean-tech projects out of a pool of 138 submissions. Holcim’s investments in these projects align with its own targets for 2030 and 2050, as validated by the Science Based Target Initiative. The company is working to decarbonize building across its lifecycle, and has implemented innovative solutions such as ECOPact green concrete and Elevate roofing systems.

About Holcim

Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

Important disclaimer – forward-looking statements:

Important disclaimer – forward-looking statements: This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim’s annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.

Disclaimer

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. Neither the European Union nor the granting authority can be held responsible for them.

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SOURCE: HOLCIM